saico
59 posts
msg #110592
- Ignore saico |
1/27/2013 9:46:53 AM
How can I write a filter to buy a stock at 6% below yesterdays close?
Much thanks in advance!
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Kevin_in_GA
4,599 posts
msg #110593
- Ignore Kevin_in_GA |
1/27/2013 11:10:15 AM
There are a bunch of ways to do this, but I think what you are asking is "how can I screen for when a stock's low for today is more than 6% below yesterday's close?"
This is how I do it:
Now add whatever other selection criteria you like, or reference a preselected list of stocks you are watching using a watchlist ("watchlist(XYZ)" at the start of the filter). At a minimum you should screen out penny stocks and/or stocks with low volume. One way to do this is to look for stocks where the daily dollar value traded is over $1M
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saico
59 posts
msg #110594
- Ignore saico |
1/27/2013 11:25:59 AM
Hi Kevin,
thanks for the fast reponse. Actually I want to use it as entry criteria for the ConnorsRSI script to backtest the method.
Saico
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scott111552
173 posts
msg #110629
- Ignore scott111552
modified |
1/28/2013 7:56:43 PM
close is more than 25% below close 2 days ago
and close is above .50
and average volume(30) is above 250000
Have a look at this filter, as well.....not exactly Connors work, but interesting just the same....Cheers
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